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Re: News Release - Tuesday, April 24, 2007
Excellent Results in Jackson's Arm Continue Including 64.7 Metres
of 1.04 gpt gold
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Kermode Resources is very pleased to report that drilling on the
company's Jackson's Arm gold property continues to produce excellent
results. The results include 64.7 metres of 1.04 gpt gold as well as a
high grade intersection of 1.1 metres of 11.06 gpt gold.
Other results include 43.8 metres of 1.00 gpt gold, 25.5 metres of 1.21
gpt gold, 24.7 metres of 1.15 gpt gold and 10 metres of 1.28 gpt gold.
These wide intersections of very good grades are in addition to
intersections of higher grades such as 1.1 metres of 11.06 gpt gold,
3.0 metres of 3.68 gpt gold, 3 metres of 2.03 gpt gold and 1.4 metres
of 4.43 gpt gold. These results were produced from the Road Zone of the
property.
Neil Briggs, President of Kermode states, "We continue to obtain great
results in Jackson's Arm. The property is generating wide intersections
of very good grade in multiple zones. In addition to these wide
intersections we are also getting some high grade intersections such as
11.06 grams per tonne gold over 1.1 metres. The important thing to
understand is that it is multiple areas of the property that are
generating these excellent numbers.
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Hole From To Core Length Au
Zone Number (m) (m) (m) (gpt)
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Road JA-07-78 17.0 42.5 25.5 1.21
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Including 17.8 18.9 1.1 11.06
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65.0 81.4 16.4 1.05
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89.7 133.5 43.8 1.00
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138.0 139.1 1.1 2.06
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163.1 176.1 13.0 1.09
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Road JA-07-79 34.0 44.0 10.0 1.28
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Including 35.2 36.6 1.4 4.43
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52.1 79.5 24.7 1.15
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Road JA-07-80 24.3 89.0 64.7 1.04
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Including 42.0 43.0 1.0 3.71
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And 57.5 60.5 3.0 3.68
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And 70.9 72.5 1.6 2.61
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Road JA-07-81 32.3 34.2 1.9 1.19
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46.5 48.0 1.5 1.16
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82.8 84.5 1.7 1.10
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87.5 89.0 1.5 1.33
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95.0 98.0 3.0 2.03
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Incinerator Missed
Trail JA-07-82 structure - - -
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The results above detail Holes JA-07-78 through JA-07-81 from the Road
Zone. JA-07-82, drilling for structure on the Incinerator Trail did not
find the projected target. Further drilling in the Incinerator Trail
Zone will focus on geophysical targets subsequently identified through
Induced Polarization (IP). The drill is currently on the Beaver Dam
Zone, approximately 500 metres south of the Incinerator Trail.
Consulting Geologist James Harris P.Geo, a Qualified Person under
National Instrument 43-101 guidelines, is supervising the Jackson's Arm
drilling program and has reviewed the technical information contained
in this News Release on behalf of the Company. Petro Drilling Company
Limited of Springdale, Newfoundland is conducting the drilling. Core
samples were taken from drillcore which was descriptively logged on
site, aligned, marked for sampling and then split in half,
longitudinally, using a
Diamond saw blade. One half the core has been
preserved in core boxes for future reference. The samples, comprising
the other half of the drillcore were bagged, sealed and delivered
directly to the analytical laboratory under the supervision of Mr.
Harris. Samples were processed and analyzed at Eastern Analytical Ltd.,
an assay laboratory based in Springdale, Newfoundland. Samples were
crushed with a jaw crusher to 75% passing 10 mesh and split with a
riffle splitter to approximately 250 grams. This sample was then
pulverized to 95% passing 150 mesh and analyzed for gold utilizing a
half assay ton, fire assay technique plus ICP-11. As part of the
quality control program being implemented, Eastern Analytical is
sending a pulp of 1 in 10 samples to Acme Analytical Laboratories Ltd.
of Vancouver BC, an ISO 9001:2000 accredited laboratory for ICPMS check
analyses. Analytical pulps and rejects will be retrieved by Kermode and
retained.
Kermode acknowledges the financial assistance provided by the
Government of Newfoundland and Labrador's Junior Company Exploration
Assistance Program.
Proceeds from a flowthrough financing of Kermode by MineralFields Group
of Toronto (www.mineralfields.com) are being used to fund this drill
program.
Visit our website at www.kermode.com for more information.
ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
PRESIDENT AND DIRECTOR
No Stock Exchange Has Approved or Disapproved The Information Contained
Herein
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Copyright (c) 2007 KERMODE RESOURCES LTD. (KLM) All rights reserved.
For more information visit our website at http://www.kermode.com/ or
send mailto:info@kermode.com
Message sent on Tue Apr 24, 2007 at 8:59:01 AM Pacific Time
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